State of Alaska Department of Revenue Reduces Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

State of Alaska Department of Revenue decreased its position in Agilysys, Inc. (NASDAQ:AGYS) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,439 shares of the software maker’s stock after selling 210 shares during the period. State of Alaska Department of Revenue’s holdings in Agilysys were worth $902,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AGYS. Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker’s stock worth $44,000 after acquiring an additional 239 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after acquiring an additional 336 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Agilysys during the fourth quarter worth $64,000. Assetmark Inc. purchased a new stake in shares of Agilysys during the fourth quarter worth $115,000. Finally, Huntington National Bank lifted its position in shares of Agilysys by 319.1% during the fourth quarter. Huntington National Bank now owns 922 shares of the software maker’s stock worth $121,000 after acquiring an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 2.9%

Agilysys stock opened at $118.19 on Friday. The stock has a market cap of $3.31 billion, a P/E ratio of 142.40 and a beta of 0.74. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64. The firm’s fifty day moving average price is $94.79 and its 200-day moving average price is $95.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.11.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.28. The business had revenue of $74.27 million for the quarter, compared to analysts’ expectations of $71.43 million. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Equities research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on AGYS. UBS Group set a $100.00 target price on Agilysys in a research report on Wednesday, March 5th. Northland Securities set a $152.00 target price on Agilysys in a research report on Tuesday, May 20th. Needham & Company LLC restated a “buy” rating and set a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Cantor Fitzgerald started coverage on shares of Agilysys in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $125.00 price target on the stock. Finally, Oppenheimer decreased their price target on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average price target of $116.57.

Insider Activity at Agilysys

In related news, Director John Mutch sold 500 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the transaction, the director now owns 31,404 shares of the company’s stock, valued at $3,480,505.32. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.30% of the stock is owned by insiders.

Agilysys Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.